3 global firms in the fray to buy 26% in UTI AMC

3 global firms in the fray to buy 26% in UTI AMC
PTI
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First Published: Mon, Jun 15 2009. 12 12 AM IST
Updated: Mon, Jun 15 2009. 12 12 AM IST
Mumbai: Three overseas financial firms have evinced interests to pick up a 26% stake in UTI Asset Management Co. Ltd (UTI AMC), said a senior official, who did not want to be identified. He, however, did not reveal the identity of the interested parties or the value of their bids.
Chairman and managing director U.K. Sinha maintained that the company was yet to identify a partner even though talks were on with interested parties.
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First Published: Mon, Jun 15 2009. 12 12 AM IST
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